EID PERRY LONGBest example of "W" pattern
Last candle has big engulf and closed above mid of W
Very Much thankful to ASTA
EIDPARRY trade ideas
EIDPARRY: 6 Month Cup breakoutEIDPARRY has broken out of a 6 month long cup and given breakout. High volumes and RSI for last few days. The breakout is holding for last few days, but needs to sustain well to keep going higher.
bullish breakout for shortermstock given breakout at weekly and fomerd cup pattern it will reach the right cup handel in cooming weeks and conformed in harmonic patterns good enty was 523 who missed this can catch from here also targets are drawn with trennd lines check over their
EID Parry: Detailed Chart Analysis Points to Support In this analysis, we will delve into the chart of EID Parry and evaluate key indicators and factors to provide insights into the stock's current situation. Notably, we will explore the presence of a weekly support trendline, weekly RSI support, a potential buying opportunity at the current CMP with a stop loss at 425, a target of 520, the presence of a daily harmonic pattern called "Black Swan," the average broker target of 638, the price to book ratio of 0.8, the PE ratio of 8.5, and the stock trading below the 200 EMA.
Analysis:
The chart analysis of EID Parry reveals several important aspects. The stock is currently trading around a significant weekly support trendline, indicating potential support for the stock's price. Additionally, the weekly RSI is showing support, suggesting sustained buying interest at these levels.
Based on the chart, there is a potential buying opportunity at the current CMP. If one decides to buy the stock, a stop loss at 425 can be implemented to manage risk effectively. The target for the trade is set at 520, indicating potential upside in the stock.
Furthermore, there is a daily harmonic pattern known as "Black Swan" observed on the chart. Harmonic patterns can signal potential reversals or significant price movements, adding to the bullish sentiment for the stock.
The average broker target of 638 indicates positive sentiment among analysts, suggesting further potential upside.
Considering the valuation ratios, the price to book ratio of 0.8 and the PE ratio of 8.5 indicate that the stock is trading at a relatively lower valuation compared to its book value and earnings. This may present an opportunity for value investors.
However, it is worth noting that the stock is currently trading below the 200 EMA, which suggests a negative sentiment for the stock.
Conclusion:
In conclusion, the detailed analysis of EID Parry's chart reveals several positive aspects. The stock is trading around a significant weekly support trendline, with the weekly RSI showing support. The presence of the harmonic pattern "Black Swan" and the average broker target indicate potential upside in the stock. Additionally, the stock's valuation ratios suggest a relatively lower valuation. However, the stock is trading below the 200 EMA, which should be considered as a negative factor.
As always, it is essential to conduct thorough research, consider your risk tolerance and investment strategy, and consult with a financial advisor before making any investment decisions.
BREAKOUT, EID PARRY, 50% RETURNS!!!BUY - EID PARRY
CMP - Rs. 519
Target - 1: Rs. 578
Target - 2: Rs. 658
Target - 3: Rs. 780
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Timeframe - 1 month - 8 months
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Technicals - Bullish Flag Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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EID PARRY looks Bullish at key levels...EID PARRY looks Bullish at key levels...
Entry level - 485 - 505
Stop Loss - 462
Target 523 / 568 / 639
Time Frame: 6-12 months
Some details:
PE: 9.5
ROE: 16.2%
Dividend Yied - 1.91%
Avg Sales Growth last 5Years = 18%
Breakout seen with High VolumeAfter making of Double bottom now it has given a breakout with decent volume and able to close above its swing high. More upside potential expected from here.
EID PARRY - time to go longA good fundamental story. trading at cheap valuations. Far from its 52 week high.
trendline breakout. time to hold for mid term investment/ trade.
Bullish on EIDPARRYUptrend of EID PARRY Begins. Results of Q1 and Q2 of EID PARRY always beats the market expectations. Results coming out on 9th August. On technical basis, 3 green candles with Closing price above previous day Close price. Currently forming complete bullish engulfing pattern. Hence, change in the trend from downward to uptrend. Ready to move 40%+++ from here in next 2-3 months
Trendline breakout eid parryabout to break trendline , good bullish movement with candle green since 2 days
shows it will take target 484,499,524
Looks like EID Parry stock trading in support zone .EID Parry stock is trading at a support zone in the weekly timeframe.
Hopefully, it's a chance to enter the stock's 460–470 range with a short-term target of 510.
SL could be 450.
Note: Don't invest your hard-earned money using the post. Do analysis yourself thoroughly before investing on this.
Look for Long in EIDPARRYAs shown in the chart, stock is following a downward trend line and now consolidating in the range of 430- 450. I hope it should break this trendline, so the next resistance should come in the zone around 520 and by breaking it, stock can start its upward journey.
EID Parry: Near Falling trendline resistance EID parry is trading near falling trendline resistance in weekly time frame. Sugar sector is showing outperformance. Keep on radar for breakout.
EID PARRY -long IB formation is weekly chart
flag pattern in daily charts
daily chart MACDS are bullsih
RR 1:4
EIDPARRY STOCK FOR SWING TRADE !!💪💲NSE:EIDPARRY
EIDPARRY has broken the trendline with a good volume this is a good time to enter the stock
(do your own research before entering in stock)
you can expect the T of 856
follow on YT by clicking the icon below
EIDPARRYEIDPARRY:- Rounding bottom pattern is formed, wait for breakout, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Swing/positional for 12-13% || EID parryBouncing from channel pattern. Buy at CMP of 572 for a target of 645 and a SL of 530. A 1:2 risk reward ratio.
E.I.D. PARRY-LONG~EID is taking supoort on trendline.
~Weekly chart is also taking support on 20 ema.
~FERTILISER SECTOR IS SHOWING STRENGHT.
~Low risk high reward stock.
EID Parry: Symmetrical Triangle Pattern formationNSE:EIDPARRY has a clear, copy-book symmetrical triangle / pennant pattern formation.
Trade: Buy above 640, SL: 610, T: 660/680/700
